Money worries at Inter but Milan’s owners go from strength to strength with $45bn growth

By Oliver Fisher -

A lot of businesses – especially huge global and multi-national organisations – have been badly hit by the COVID-19 pandemic from an economic point of view.

Not AC Milan’s owners Elliott Management though, as Bloomberg (via MilanLive) report how the American fund experienced a profitable year of investments in 2020 with growth equal to 12.7%, which fully satisfied investors’ expectations.

The news outlet claims to have intercepted some letters to investors outlining the strength of Elliott, which highlights how the fund has had its best growth of the last decade aside from the years of 2012 and 2016.

Growth was also recorded in March 2020, a real hole in the world economy, with an increase of 0.1% while the S&P 500 (a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States) returned 16% in 2020.

In monetary terms, Elliot’s portfolio grew by over $45billion, so there is no reason to worry about the club’s finances unlike city rivals Inter, with FCInter1908 reporting that there are worries about the next round of payments that Suning must make in the next two months.

Tags AC Milan

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